Artom Holdings obtained $58 million in financing for The Parker on Higley, a Class-A, 261-unit multi-housing development in Gilbert. The construction loan was secured through PCCP. Brad Miner and Drew Lydon led JLL Capital Market’s Debt Advisory team, representing the borrower. The project’s completion date is Q4 2026.
The Parker on Higley is a four-story multifamily development spanning 220,570 square feet on an 8.36-acre site. The property offers one-, two- and three-bedroom units, an average size of 845 square feet. Resident amenities include a pool and a fitness center.
PCCP invests equity capital in joint ventures with third-party real estate investors and operators. Investment opportunities typically pursued include physical repositioning, rehabilitation and redevelopment. PCCP originates senior and mezzanine loans secured by commercial real estate.
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